Well, you say it never happens, and then you look at TEA Switz and Go, and in RYR's case Buzz and now Cypriate. It does happen if the bosses want it to, and seemingly regardless of the logic. Buying a company for hundreds of millions when you could wait a little longer and buy it for a dollar seems odd, but we mere mortals are rarely privvy to the details discussed behind locked, and often padded, doors.
I'm really hoping that things turn around quickly. Mon always appeared to be a company that had an amount of respect for its crew, at least it looks that way from the outside. It'd be a shame if it's only the gutter airlines that thrive.